Fast Money Blog- 10/28/22

This was a great week for the stock market and earnings, as major companies such as Microsoft Corporation (MSFT), Alphabet, Inc. (GOOGL), Visa, Inc. (V), Mastercard Incorporated (MA), Amazon.com (AMZN), and Apple, Inc. (AAPL) released their earnings.

Here are a few highlights:

On Tuesday, October 25th, both Visa and Microsoft released their earnings.

For Q1 2023, Microsoft reported revenue of $50.1 billion, an increase of 11% year-over-year. Microsoft Cloud revenue was $25.7 billion, up 24% year-over-year.

Their Productivity and Business Processes segment, which includes Dynamics, LinkedIn and Office, brought in $16.5 billion, an increase of 9% year-over-year.

In so far as we are concerned, Microsoft is still a fundamentally sound trade and/or investment.

For Q4 2022, Visa reported revenue of $7.8 billion, an increase of 19% year-over-year. Payment Volumes increased 10% year-over-year and Total Processed Transactions increased 12% year-over-year, coming in at $50.9 billion.

On another important note, in October the board of directors authorized a new $1 billion class A common stock share repurchase program and announced an increase to Visa's quarterly cash dividend to $0.45 per share.

Once again, based on revenue growth, Dow component Visa is yet another fundamentally sound trade or long-term investment.

On Thursday, Oct. 27th, Amazon.com and Apple released earnings at the market’s close.

Amazon posted Q3 2022 revenue of $127.1 billion, an increase of 15% year-over-year. Their North American sales increased 20% year-over-year to $78.8 billion, while Amazon Web Services contributed $20.54 billion, rising 27.5% from last year

From a WI point of view Amazon is fundamentally sound and still a great date even though the market temporarily sold the shares off based on their lower Q4 guidance.

Apple posted outstanding earnings results for Q4 2022, which ended on September 24th. Revenue for the quarter was $90.1 billion, up 8% year-over-year.

Sales from the iPhone, which continue to account for around half the company’s total revenue, were $42.6 billion, up 9.7% from the previous year.

Sales from Macs were up 25.3% year-over-year, bringing in $11.5 billion.

Sales from services, which includes revenue from the App Store and Apple TV+, was $19.2 billion, up about 5% year-over-year but lower than year-over-year increases in previous quarters.

Apple is a great date long term trade and hold.

So far, earnings have been spectacular for all of our Wealthy Investor stocks. Once the Fed is done raising interest rates I expect our Wealthy Investor stocks to greatly increase in value.

For now, 30-day covered calls will keep residual income coming into your retirement and cash accounts.

Stay patient. Stay positive.

Tyrone Jackson, The Wealthy Investor